SNB Vice President, Martin Schlegel, clarified overnight that the central bank does not adhere to a specific target for Swiss Franc’s exchange rate. Instead, Schlegel reiterated the usual stance that the bank “monitors the exchange rate closely and intervenes in the foreign-exchange market as necessary.” Separately, in its Quarterly Bulletin, SNB noted that “Many economic […]
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Markets For clues for tonight’s FOMC outcome, we grab back to Fed Chair Powell’s speech for the Economic Club of Chicago on April 16, a couple of days before the blackout period and still in Read more…
Daily Pivots: (S1) 1.1306; (P) 1.1344; (R1) 1.1407; More… Intraday bias in EUR/USD remains neutral at this point. On the downside, below 1.1265 will resume the corrective fall from 1.1572 short term top. But downside Read more…
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